The term used commonly to poke fun at someone who has made either a spelling or gramatical error whilst trying to appear as a person of intelligence. This is emphasised with the intentional mispronounciation of the word "educated".

Sarah: "I really hope they make an inception for me, seeing as how I'm new to this."

Luke: "It's exception idiot. Damn, I can tell that you've been well edumacated.